Chapter 1: International Business, Globalization, and Culture

Well boys, final exam i might fail but lets do it.

Reasons for Internationalization

Niche products, growth strategy, new markets, competitiveness, company image, personal motives, and diversification.

Globalization

Increasing, economically and culturally significant, driven by technology, cross-border trade, and global competition.

Criticisms of Globalization

Sovereignty issues, environmental concerns, inequality, personal stress.

International Business Operations

Sales expansion, resource acquisition, risk reduction.

Types of International Organizations

Multinational enterprises, collaborative arrangements.

Factors Affecting International Operations

Physical, institutional, competitive.

Internationalization Strategies

Product, operational, and market strategies.

Key Resources for Internationalization

Personnel, production, financing​